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Updated over 7 years ago, 05/26/2017
What is Capital Gain Protection on Owner Occupied Triplex
Hi, I have a triplex that I am considering selling in the next few years. Currently the triplex is all tenant occupied. I know that capital gains protection is $250k if your are single and $500k married and lived in the property 2 out of the last 5 years (California). I am single and wondering if i moved into the property would I qualify for the $250 exemption or would it be 1/3 of that since its a triplex? Just curious if its worth it for me to move in there for 2 prior to selling...of course I would have to rent my house out get storage etc...
Thanks
LilNomad